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Canadians can now apply for Target's 'Red Card' online. The card provides 5% off store purchases. It is a debit card that links with the cardholder's existing chequing account and is for Target stores, only.

A Target credit card will also be issued by the Royal Bank of Canada. The Target RBC Mastercard will have no annual fee and cardholders are eligible for additional rewards towards Target gift cards, as well as purchases not made in Target stores.